Jan 3, 2011

Cita Mineral net sales surges 254.01%

Third party customers have contributed Rp1.36 trillion sales to mining company PT Cita Mineral Investindo Tbk (CITA) at end of September 2010.
In the September 2010's financial statement submitted to Indonesia Stock Exchange (IDX) recently, Chalco Shandong International Co Ltd contributed Rp498.54 billion sales to Cita Mineral.
Emerald Rich Technologies contributed Rp454.17 billion sales and Binzhuo Resources Ltd contributed Rp405.07 billion sales to Cita Mineral as well.
As a result, Cita Mineral's consolidated net sales skyrocketed 254.01% to Rp1.36 trillion from Rp383.54 billion.
Operating profit surged 1,738.36% to Rp202.22 billion from Rp11 billion at end of September 2009. Net profit also soared 246.31% to Rp94.44 billion from Rp27.27 billion.

Disclosure: No position at the stock mentioned above.

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